Indicate Whether Each of the Following Statements Regarding Internal Controls

True/False

Indicate whether each of the following statements regarding internal controls is true or false.a)________ The Sarbanes-Oxley Act of 2002 (SOX)requires public companies to evaluate their internal controls and publish those findings with their SEC filings.b)________ The Sarbanes-Oxley Act (SOX)applies to all companies, while the Enterprise Risk Management (ERM)framework is used by public companies only.c)________ Enterprise Risk Management (ERM)is an expansion of the earlier framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).d)________ The COSO framework includes five interrelated components: segregation of duties, quality employees, prenumbered documents, physical controls, and performance evaluations.e)________ Congress passed the Sarbanes-Oxley Act in 2002 (SOX)in response to high profile accounting scandals, such as Enron and WorldCom.